Weekly Recap - Solana is up 70% in 7 days (Get Smarter in 5 Min)
Crypto Market rise to $2.2T (up 10%). BTC testing the $50k resistance. Solana is on FIRE 🔥 up 70% this week and continuing to rise like a rocket 🚀. NFTs are still the craze this week
💡What’s in it for Me: Get Smarter in 5 Minutes
Hi everyone 👋. Welcome back to ‘The Weekly Recap’, where I curate a reading list of insightful articles, market updates & bite-sized learnings nuggets to get you caught up for the week. If you're reading this and haven't signed up, join the 230+ others by clicking below, and to the regular readers, thank you. 🙏
🧠Quote of the week
Elon’s is Elon. Only he can understand why he does what he does or says what he says. He has built a brand of setting extremely aggressive and audacious goals. While he may not be able to beat them most of the time, he pushes the boundaries of what we think is possible 🚀
📚Here is what I liked reading
How to Consistently Accomplish 100x More Results With 1/10th Your Usual Effort - I realized action doesn’t matter if your beliefs are wrong. That’s like trying to sail a boat that’s still anchored to the harbor; you can thrash around all you want, but you’re not going anywhere.
Proof of Green: How Ethereum 2.0 SolvesCrypto’s Energy Concerns - Stake? I thought you said Steak!
8 Product Hurdles Every Founder Must Clear — This PM-Turned-Founder Shares His Playbooks - Narrowing in on a market and finding the right customer. Building out the first version of the product. Teaching yourself how to bring it to market. Sticking to a consistent vision.
5 Life Lessons From Chess - Some Little Reminders from One of the World’s Oldest Games
What is Audius? The Decentralized Music Sharing and Streaming Service - It’s like Spotify or SoundCloud, but on the blockchain: Audius is a crypto-powered music streaming app that’s giving power back to artists. Already has 5M users
🔥Crypto Market Update
Crypto Market rise to $2.2T (up 10%). BTC testing the $50k resistance. Solana is on FIRE🔥 up 70% this week and continuing to rise like a rocket 🚀.
Binance continues its challenges with Regulators - Latest hit - MAS orders crypto exchange operator Binance to stop providing payment services to Singapore residents
How scammers are exploiting the NFT mania The crypto industry has always been plagued by opportunistic scammers, from those running Twitter giveaways to ones airdropping tokens as bait, which steal all your tokens if you try to move them. Now, with NFTs selling like proverbial (and digital) hotcakes, hucksters have shifted their tactics to exploit this growing market — and their efforts appear to be working.
One of the readers shared that I should highlight the volatility in crypto by sharing a chart. Below is the Bitcoin chart for the last 9 months. Its been a intense ride with a >50% drop from May highs and ~70% rise from the lows. Most of us mere mortals cant time the market but it is important to not panic if you are investing in crypto. It is not for the faint hearted. Understand why you are investing and learn to do your research to get over FUD (Fear Uncertainity Doubt)
🙋♂️Term of the Week - “Market capitalization (market cap)”
Traditionally, it refers to the monetary market value of a company based on outstanding shares of stock. Market capitalization is used to show the size of the company. In Crypto, market cap is measured by the multiplication of the circulating supply of tokens or currency and its current price. - It is a reference to the size of the tokens value.
🤣Just for Laughs
Hopefully, this is how the HODL’ers are feeling..
That's all, folks. 👋
Remember, if you're enjoying this content, please do tell all your friends to check it out and hit the subscribe button. Hope everyone has a great weekend.🚀🙏🏻
Help me grow and improve with your feedback
🚨Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.